PETROL PUMP PRICE UP BY n80
By Hector Simfukwe:
The Energy Regulation Board -ERB -has adjusted upward the prices of Petrol by 80 Ngwee per litre.
ERB Board Chairpwerson RAYNOLDS BOWA says the prices of Diesel and Kerosine will remain the same at 25 kwacha 64 ngwee and 18 kwach and 76 Ngwee respectively.
Mr. BOWA says the rise in petrol prices is due to the rise in season demand for the commodity in Europe.
He says the appreciating of the Kwacha by 2 percent against the United States dollar also had an effect.
Mr. BOWA says Petrol which was at 24 Kwacha 15 Ngwee will now be bought at K24.95 Ngwee.
Speaking at the monthly review of Fuel Prices at a press briefing in LUSAKA today, Mr. BOWA said the fuel prices are volatile hence the need for the monthly review of fuel if both consumers and customers are to be protected.
Mr. BOWA said at the moment the monthly review is the best.
